When was MetroNet founded?

MetroNet was founded in 2005 and raised its 1st funding round 16 years after it was founded.

Where is MetroNet located?

MetroNet is headquartered in Evansville, United States.

How many employees does MetroNet have?

As of Mar 01, 2026, the latest employee count at MetroNet is 500 - 999.

Is MetroNet a funded company?

MetroNet is a funded company, having raised a total of $***** in its 1st and only funding round, a Seed round on Apr 21, 2021.

When was the latest funding round of MetroNet?

MetroNet's latest funding was a $***** Seed round on Apr 21, 2021, with participation from 2 investors. Its primary sector is Telecom Operators. In United States, the Telecom Operators sector has seen $1.5B in funding in 2026 to date.

Where does MetroNet rank among its competitors?

MetroNet ranks 85th amongst 1476 active competitors, of which 42 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Vero, which secured $187M in Apr, 2026.

Who are the top competitors of MetroNet?

MetroNet's top competitors include Century Link, Ciena and Mediacom Communications. Among them, Vero secured the most recent funding round in April, 2026.

MetroNet - 2026 Company Profile, Funding & Competitors

Q: Is MetroNet an acquired company?

MetroNet got acquired by Plusnet on Nov 03, 2005.

MetroNet is an acquired company based in Evansville (United States), founded in 2005. It operates as an IPTV, Internet and Phone Service Provider. MetroNet has raised an undisclosed amount in funding. The company has 1476 active competitors, including 42 funded and 256 that have exited. Its top competitors include companies like Century Link, Ciena and Mediacom Communications.

Company Details

MetroNet provides fiber optic communication services including fiber internet, fiber phone and fiber IPTV to residential customers in Indiana and Illinois states of the United States. The company also provides business customers with services including fiber internet, phone and IPTV services, hosted systems, PRI phone service, fiber WAN, carrier and cloud services.

Key Metrics

Founded Year

2005

Location

Evansville, United States

Stage

Acquired

Latest Funding Round

Seed, Apr 21, 2021, $*****

Investors

Oak Hill & 1 more

Ranked

85^th among 1476 active competitors

Employee Count

500 - 999 as on Mar 01, 2026

Investment & Acquisitions

CTS & 2 more

Similar Companies

KPN & 3094 more

Exit Details

Acquired by Plusnet (Nov 03, 2005)

View MetroNet's full profile

MetroNet got acquired by Plusnet on Nov 03, 2005 at an acquisition amount of $*****.

Click here to take a look at MetroNet's acquisition in detail

MetroNet has raised funding over 1 round. Its latest funding round was a Seed round on Apr 21, 2021 for $*****. 2 investors participated in its latest round. MetroNet has 2 institutional investors.

Here is the list of recent funding rounds of MetroNet:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Apr 21, 2021	1981357	Seed	6031146	8475267	3327067	2502076

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MetroNet's employee count trend

MetroNet has 500 - 999 employees as of Mar 26. Here is MetroNet's employee count trend over the years:

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Top competitors of MetroNet include Century Link, Ciena and Mediacom Communications. Here is the list of Top 10 competitors of MetroNet, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Century Link 1930, Monroe (United States), Public	Provider of residential and business communication services, including internet, TV, and phone	$20M	Temasek, Welsh, Carson, Anderson & Stowe & 3 others	72/100
2nd	Ciena 1992, Hanover (United States), Public	Provider of networking systems, automation software, components, and related services	-	Western Technology Investment, Worldview Technology Partners ... & 13 others	71/100
3rd	Mediacom Communications 1995, Middletown (United States), Funding Raised	Fiber optic telecommunication and cable TV services provider	-	-	68/100
4th	BT Group 1981, London (United Kingdom), Public	Provider of mobile phones and fiber broadband services for home & business	-	Triodos Investment Management, Bharti Enterprises ... & 5 others	67/100
5th	General Communication 1979, Anchorage (United States), Public	Alaska's premier mobile, internet, and telecom provider, connecting communities	-	Searchlight Capital, SR Capital Advisors & 1 others	63/100
6th	ALLO Communications 2003, Imperial (United States), Acquired	Internet, TV and phone service provider in Nebraska	$8.14M	Guggenheim Investments, Hall Capital Partners	63/100
7th	WOW 1996, Englewood (United States), Acquired	Internet, cable TV and phone service provider	$165M	Avista Capital Partners, Crestview Partners ... & 4 others	60/100
8th	Finisar 1988, Sunnyvale (United States), Acquired	Fiber optic subsystems and components provider	-	Apple, TA Associates & 8 others	59/100
9th	Omni Fiber 2022, Mason (United States), Series C	Provider of internet services	$50M	Stonepeak, Oak Hill & 5 others	59/100
10th	Vero 2017, Boulder (United States), Series D	Fiber networks offers lightning-fast gigabit fiber internet for homes and businesses	$580M	Delta-v Capital, Hamilton Lane & 7 others	57/100
85th	MetroNet 2005, Evansville (United States), Acquired	IPTV, Internet and Phone Service Provider	-	Oak Hill, KKR	40/100

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MetroNet has acquired 3 companies including CTS, Jaguar Communications and LightSpeed Communications. MetroNet has not made any investments as of now.

Here is the list of its acquisitions:

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Sep 15, 2021	Acquisition	CTS	1911	Galesburg (United States)
Mar 09, 2020	Acquisition	Jaguar Communications	2015	Owatonna (United States)
Jan 31, 2019	Acquisition	LightSpeed Communications	2014	East Lansing (United States)